Meta Platforms is exploring a stock sale potentially worth tens of billions of dollars to bankroll its AI infrastructure buildout, joining a growing list of tech giants willing to dilute shareholders in the name of artificial intelligence.

The news, which surfaced on June 5, 2026, sent Meta’s stock tumbling more than 5%, with some reports pegging the intraday decline as steep as 7%.

Following Alphabet’s lead

Meta isn’t operating in a vacuum here. Just days earlier, on June 1, Alphabet announced an $80 billion equity raise of its own, a figure that was later referenced as upsized to $85 billion in some reports.

That deal came with a notable anchor investor: Berkshire Hathaway committed $10 billion as a private investment.